PT M Cash Integrasi TbkISX:MCAS -8.84%47 Altman Z-Score is 2.92 as of Jun. 30, 2026, which is 72% below its 10-year median of 10.31. GuruFocus rates ISX:MCAS with a GF Score™ of 47/100 and a GF Value™ of Rp636.65 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 3,005 Industrial Products companies, PT M Cash Integrasi Tbk ranks worse than 57.2% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 2.93 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
PT M Cash Integrasi Tbk has a Altman Z-Score of 2.92, indicating it is in Grey Zones. This implies that PT M Cash Integrasi Tbk is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for PT M Cash Integrasi Tbk's Altman Z-Score or its related term are showing as below:
ISX:MCAS'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.93 Med: 10.31 Max: 17.28
Current: 2.93
During the past 10 years, PT M Cash Integrasi Tbk's highest Altman Z-Score was 17.28. The lowest was 2.93. And the median was 10.31.
PT M Cash Integrasi Tbk (ISX:MCAS) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PT M Cash Integrasi Tbk Altman Z-Score Competitor Comparison
For the Business Equipment & Supplies subindustry, PT M Cash Integrasi Tbk's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PT M Cash Integrasi Tbk Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, PT M Cash Integrasi Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT M Cash Integrasi Tbk's Altman Z-Score falls into.
PT M Cash Integrasi Tbk Altman Z-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
PT M Cash Integrasi Tbk (ISX:MCAS) has a Altman Z-Score of 2.92 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT M Cash Integrasi Tbk and its competitors. This is 72% below median its historical median of 10.31. Over the past decade, PT M Cash Integrasi Tbk's Altman Z-Score has ranged from 2.93 to 17.28. According to the industry distribution chart, PT M Cash Integrasi Tbk ranks #1719 out of 3005 companies in the Industrial Products industry, placing it in the top 57.2%.
Is PT M Cash Integrasi Tbk's Altman Z-Score too high?
PT M Cash Integrasi Tbk's current Altman Z-Score of 2.92 is 72% below median its 10-year median of 10.31. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 17.28. The Industrial Products industry median Altman Z-Score is 3.33. PT M Cash Integrasi Tbk's value of 2.92 is 12.3% below this industry median. Based on the distribution chart, PT M Cash Integrasi Tbk ranks #1719 out of 3005 companies in the Industrial Products industry, which is below the industry midpoint. Overall, PT M Cash Integrasi Tbk has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT M Cash Integrasi Tbk's Altman Z-Score compare to competitors?
According to the Industrial Products industry distribution chart, PT M Cash Integrasi Tbk ranks #1719 out of 3005 companies for Altman Z-Score. This places PT M Cash Integrasi Tbk in the lower half of its industry. The industry median Altman Z-Score is 3.33. PT M Cash Integrasi Tbk's value of 2.92 is 12.3% below this benchmark. Historically, PT M Cash Integrasi Tbk's own Altman Z-Score has ranged from 2.93 to 17.28 over the past decade. While the company's 10-year median is 10.31 vs. the industry median of 3.33, PT M Cash Integrasi Tbk has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.33, based on 3,005 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT M Cash Integrasi Tbk's current Altman Z-Score of 2.92 is 12.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT M Cash Integrasi Tbk and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT M Cash Integrasi Tbk's current Altman Z-Score is 2.92, which is 72% below median its own 10-year median of 10.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT M Cash Integrasi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT M Cash Integrasi Tbk (ISX:MCAS) is currently considered Possible Value Trap. The stock's GF Value™ is Rp636.65, compared to a current price of Rp165.00 — trading 74.1% below its estimated fair value. The current Altman Z-Score is 2.92, which is 72% below median its 10-year median of 10.31 and 12.3% below the Industrial Products industry median of 3.33. PT M Cash Integrasi Tbk's overall GF Score™ is 47/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For PT M Cash Integrasi Tbk (ISX:MCAS), the current Altman Z-Score is 2.92 as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PT M Cash Integrasi Tbk (ISX:MCAS) Overvalued in 2026?
Based on GuruFocus' analysis, PT M Cash Integrasi Tbk stock appears to be undervalued.
The current stock price of Rp165.00 is trading 74.1% below its estimated GF Value™ of Rp636.65.
GuruFocus considers PT M Cash Integrasi Tbk to be Possible Value Trap.
Key valuation signals for ISX:MCAS:
Altman Z-Score: 2.92 (72% below median its 10-year median of 10.31)
GF Value™: Rp636.65 vs. price of Rp165.00 (74.1% below fair value)
Industry Position: 12.3% below the Industrial Products median (#1719 of 3005)
No single metric tells the full story. See the ISX:MCAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressJalan Jenderal Gatot Subroto Kav. 1-3, RT 001, RW 004, Mangkuluhur City, 7th Floor, Kelurahan Karet Semanggi, Kecamatan Setiabudi, Kota Administrasi, Jakarta Selatan, Jakarta, IDN, 12930
PT M Cash Integrasi Tbk is an Indonesia-based digital distribution company. The company's operating segment include Digital Products and Services; Digital product aggregator; Digital cloud advertising; Software as a Service; Clean Energy Products and Services; Digital Wholesale and Content & Entertainment. It generates maximum revenue from the Digital cloud advertising segment.
47GF Score
Get the complete analysis for ISX:MCAS
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:MCAS has been successfully added to your 
